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Name | | | Age | | | Title | | |||
William M. Walker | | | | | Chairman of the Board of Directors and Chief Executive Officer | | ||||
Howard W. Smith, III | | | | | President and | |||||
| ||||||||||
Ellen D. Levy | | | | | Director | | ||||
Michael D. Malone | | | | | Director | | ||||
John Rice | | | | | Director | | ||||
Dana L. Schmaltz | | | | | Director | | ||||
Michael J. Warren | | | | | Director | | ||||
Donna C. Wells | | | | | Director | |
| | | William M. Walker Chairman and Chief Executive Officer, Walker & Dunlop, Inc. Committees: None; member of management EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership, strategic planning and commercial real estate experience as chairman and chief executive officer of Walker & Dunlop • Affiliation with leading commercial real estate policy associations • Previous outside board experience | |
| | | Howard W. Smith, III. President, Walker & Dunlop, Inc. Committees: None; member of management EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership, strategic planning and commercial real estate experience as president of Walker & Dunlop and previous distinguished service as a senior loan originator at the Company for over 40 years • Affiliation with leading commercial real estate policy associations | |
|
| | Ellen D. Levy, Ph.D. Managing Director, Silicon Valley Connect, LLC, a management consulting firm Committees: Compensation Nominating & Corporate Governance EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership and strategic planning and technology experience as vice president of strategic investments at LinkedIn Corporation • Public company board experience | |
| | | Michael D. Malone Retired Managing Director, Fortress Investment Group LLC, a global private equity firm Committees: Audit; Compensation (chair) EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership and strategic planning experience as managing director of Fortress Investment Group LLC • Investment banking experience at Banc of America Securities • Public company board experience | |
| | | John Rice Chief Executive Officer, Management Leadership for Tomorrow, a national non-profit organization Committees: Compensation; Nominating & Corporate Governance (chair) EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership and strategic planning experience as CEO of Management Leadership for Tomorrow and previously as managing director of NBA Japan, an affiliate of the National Basketball Association • Marketing experience as director of marketing for Latin America for the National Basketball Association • Public company board experience | |
| | | Dana L. Schmaltz Founder and Partner, Yellow Wood Partners, LLC, a private equity firm focused on the consumer products industry Committees: Compensation; Nominating & Corporate Governance EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership and strategic planning experience as founder and partner at Yellow Wood Partners, LLC • Experience acquiring and operating several portfolio companies in various roles • Chief financial officer experience at Blacksmith Brands, Inc. | |
| | | Michael J. Warren Global Managing Director, Albright Stonebridge Group, a global strategic advisory and commercial diplomacy firm Committees: Audit EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership and strategic planning experience as the global managing director of Albright Stonebridge Group • U.S. Government service • Chief financial officer experience at Stonebridge International • Public company board experience | |
| | | Donna C. Wells Chief Executive Officer, Valencia Ventures, LLC a strategic consulting and corporate governance firm Committees: Audit EXPERIENCES, QUALIFICATIONS, SKILLS & ATTRIBUTES • Executive leadership and strategic planning experience as president and chief executive officer of Mindflash Technologies • Chief marketing officer experience at Mint Software, Inc., and marketing leadership responsibilities at Intuit and Expedia • Public company board experience | |
| Operational | | | Financial | | | ESG | |
| • $65B+ in Annual Debt Financing Volume, including $5B+ in Annual Small Balance Loans • $160B+ Servicing Portfolio Balance • $25B+ in Annual Property Sales Volume • $10B+ in Assets Under Management | | | • At least $1.7B in Annual Total Revenues • At least $13.00 per share in Annual Diluted EPS | | | • Increase Diverse Leadership • Reduce • Donate 1% of • Originate a cumulative $60 billion of affordable housing Debt Financing Volume from 2021-2025 | |
16 | |||||||||||||||||||||||||||||||||||||
Name | | Audit Committee | | Compensation Committee | | Nominating and Corporate Governance Committee | | | Audit Committee | | Compensation Committee | | Nominating and Corporate Governance Committee | | ||||||||||||||||||||||||
Alan J. Bowers | | | | X†* | | | | | | | | | | X | | | | | | X†* | | | | | | | | | | X | | | ||||||
Ellen D. Levy | | | | | | | | | X | | | | | X | | | | | | | | | | | X | | | | | X | | | ||||||
Michael D. Malone | | | | X† | | | | | X* | | | | | | | | | | | X† | | | | | X* | | | | | | | | ||||||
John Rice | | | | | | | | | X | | | | | X* | | | | | | | | | | | X | | | | | X* | | | ||||||
Dana L. Schmaltz | | | | | | | | | X | | | | | X | | | | | | | | | | | X | | | | | X | | | ||||||
Michael J. Warren | | | | X† | | | | | | | | | | | | | | | | X† | | | | | | | | | | | | | ||||||
Donna C. Wells | | | | X† | | | | | | | | | | | | | | | | X† | | | | | | | | | | | | | ||||||
2020 Meetings | | | | 5 | | | | | 9 | | | | | 6 | | | ||||||||||||||||||||||
2021 Meetings | | | | 5 | | | | | 6 | | | | | 5 | | |
| | 2020 | | 2019 | | | 2021 | | 2020 | | ||||||||||||||||
Audit Fees(1) | | | $ | 1,236,500 | | | | $ | 1,230,000 | | | | | $ | 1,453,086 | | | | $ | 1,204,500 | | | ||||
Audit-Related Fees(2) | | | | 142,100 | | | | | 154,100 | | | | | | 157,500 | | | | | 174,100 | | | ||||
Tax Fees(3) | | | | 693,588 | | | | | 375,181 | | | | | | 926,499 | | | | | 693,588 | | | ||||
All Other Fees | | | | 37,000 | | | | | — | | | | | | — | | | | | 37,000 | | | ||||
Total | | | $ | 2,109,188 | | | | $ | 1,769,281 | | | | | $ | 2,537,085 | | | | $ | 2,109,188 | | |
Name | | | Age | | | Title | |
William M. Walker | | | | | Chairman of the Board of Directors and Chief Executive Officer | | |
Howard W. Smith, III | | | | | President and Director | | |
Richard M. Lucas | | | | | Executive Vice President, General Counsel and Secretary | | |
Paula A. Pryor | | | | | Executive Vice President & Chief Human Resources Officer | | |
Stephen P. Theobald | | | | | Executive Vice President & Chief Financial Officer | |
Named Executive Officers | | |||
William M. Walker | | | Chairman and Chief Executive Officer (CEO) | |
Stephen P. Theobald | | | Executive Vice President and Chief Financial Officer (CFO) | |
Howard W. Smith, III | | | President | |
Richard M. Lucas | | | Executive Vice President, General Counsel and Secretary (General Counsel) | |
Paula A. Pryor | | | Executive Vice President and Chief Human Resources Officer (CHRO) | |
| Operational | | | Financial | | | ESG | |
| • $65B+ in Annual Debt Financing Volume, including $5B+ in Annual Small Balance Loans • $160B+ Servicing Portfolio Balance • $25B+ in Annual Property Sales Volume • $10B+ in Assets Under Management | | | • At least $1.7B in Annual Total Revenues • At least $13.00 per share in Annual Diluted EPS | | | • Increase Diverse Leadership • Reduce Emissions • Donate 1% of annual income from operations • Originate a cumulative $60B of affordable housing Debt Financing Volume from 2021-2025 | |
Drive to `25 Goal | | | 2021 Acquisitions to Drive Growth | |
$65 billion of debt financing volume (including $5 billion of small balance lending (“SBL”)) | | | • TapCap (June 2021) — acquired TapCap, a technology firm with proprietary web-based software that provides real-time, online quotes for loans on multifamily properties to streamline our SBL loan application and origination process | |
$25 billion of property sales volume | | | • FourPoint Investments Sales Partners (Feb. 2021) — acquired FourPoint Investment Sales Partners, a boutique property sales firm specializing in student housing and conventional multifamily properties | |
$10 billion of assets under management as part of a broader strategy to establish investment banking capabilities | | | • Alliant Capital (Dec. 2021) — acquired the 6th largest low-income housing tax credit syndicator in the United States with $14.3 billion of AUM. Following the acquisition, our combined AUM is $16.4 billion, which significantly exceeds the Drive to `25 goal of $10 billion. • Zelman & Associates (July 2021) — acquired the leading housing research and investment banking firm in the United States with a plan to invest in the business to expand Zelman’s investment banking and research coverage | |
| At our 2021 annual meeting, approximately 99% of votes cast were voted in favor of our say on pay vote, which strongly affirms our shareholders’ support of our approach to executive compensation. Our say on pay vote is currently held on an annual basis, consistent with the preference expressed by a majority of our shareholders. We carefully consider stockholder feedback on all matters, including our executive compensation. In 2021, the Compensation Committee considered the results of the 2021 say on pay vote and determined that no specific changes to our executive compensation program were warranted as a result of that vote. | | | |
WHAT WE DO | | | WHAT WE DON’T DO | |
• Align pay and performance by linking NEO compensation to the achievement of rigorous pre-established performance metrics • Maintain a mix of short-term and long-term incentive measures that are aligned with our long-term strategic plan, the Drive to `25 • Base a majority of equity compensation on performance-based measures • Cap awards for NEOs under our short-term and long-term incentive plans • Include diversity, equity and inclusion performance goals in our annual cash incentive compensation program • Maintain a clawback policy that allows the Board to recover cash and equity incentive compensation in the event of a financial restatement • Require significant share ownership for executives and directors, including 5x base salary for the CEO and President, 3x base salary for other NEOs and 5x annual cash retainer for directors • Engage an independent compensation consultant to advise the Compensation Committee of the Board on executive compensation matters that provide no other services to the Company • Use tally sheets to review historical and current total compensation (including amounts actually earned) | | | • No hedging or pledging of shares by NEOs or Board members • No guaranteed cash incentives, equity awards or salary increases for NEOs • No incentive compensation based on a single performance metric • No excessive perquisites or other benefits • No “single-trigger” change in control cash severance provisions • No excise tax or income tax gross-ups • No repricing of stock options or stock appreciation rights (if ever granted) permitted without stockholder approval | |
| Additions | | | Removals | | |||
| Annaly Capital Management, Inc. | | | Ocwen Financial Corporation | | | Investors Bancorp, Inc. | |
| BrightSpire Capital, Inc. | | | Piper Sandler Companies | | | WSFS Financial Corporation | |
| Cowen Inc. | | | | | | | |
Company Name | | | Total 2021 Revenues (in millions) | | | Market Capitalization at 12/31/2021 (in millions) | | | Number of Employees as of 12/31/2021 | | | 1-Year TSR | | | 3-Year TSR | | |||||||||||||||
American Assets Trust, Inc. | | | | $ | 373.0 | | | | | $ | 2,269.5 | | | | | | 208 | | | | | | 34.03% | | | | | | 2.09% | | |
Annaly Capital Management, Inc. | | | | $ | 4,106.2 | | | | | $ | 11,339.9 | | | | | | 171 | | | | | | 2.51% | | | | | | 12.53% | | |
Arbor Realty Trust, Inc. | | | | $ | 661.5 | | | | | $ | 2,757.3 | | | | | | 579 | | | | | | 39.42% | | | | | | 138.23% | | |
BrightSpire Capital, Inc. | | | | $ | 325.4 | | | | | $ | 1,331.4 | | | | | | 55 | | | | | | 45.41% | | | | | | -19.83% | | |
Cowen Inc. | | | | $ | 1,901.4 | | | | | $ | 985.1 | | | | | | 1,534 | | | | | | 40.36% | | | | | | 176.57% | | |
Encore Capital Group, Inc. | | | | $ | 1,614.5 | | | | | $ | 1,540.3 | | | | | | 6,604 | | | | | | 59.46% | | | | | | 164.30% | | |
Kennedy-Wilson Holdings, Inc. | | | | $ | 632.2 | | | | | $ | 3,326.1 | | | | | | 220 | | | | | | 39.22% | | | | | | 51.11% | | |
Ladder Capital Corp | | | | $ | 183.6 | | | | | $ | 1,504.3 | | | | | | 65 | | | | | | 31.27% | | | | | | -1.46% | | |
Marcus & Millichap, Inc. | | | | $ | 1,296.4 | | | | | $ | 2,040.7 | | | | | | 801 | | | | | | 38.22% | | | | | | 49.90% | | |
MGIC Investment Corporation | | | | $ | 1,185.7 | | | | | $ | 4,694.9 | | | | | | 711 | | | | | | 17.20% | | | | | | 45.44% | | |
Mr. Cooper Group Inc. | | | | $ | 3,318.0 | | | | | $ | 3,125.9 | | | | | | 8,200 | | | | | | 34.10% | | | | | | 256.56% | | |
Ocwen Financial Corporation | | | | $ | 1,050.1 | | | | | $ | 367.8 | | | | | | 5,700 | | | | | | 38.26% | | | | | | 98.86% | | |
PennyMac Financial Services, Inc. | | | | $ | 3,582.3 | | | | | $ | 4,119.1 | | | | | | 7,208 | | | | | | 7.67% | | | | | | 238.03% | | |
Piper Sandler Companies | | | | $ | 2,031.1 | | | | | $ | 3,191.4 | | | | | | 1,665 | | | | | | 85.54% | | | | | | 198.15% | | |
Radian Group Inc. | | | | $ | 1,329.9 | | | | | $ | 3,789.3 | | | | | | 1,800 | | | | | | 6.93% | | | | | | 36.25% | | |
Redwood Trust, Inc. | | | | $ | 542.0 | | | | | $ | 1,512.6 | | | | | | 298 | | | | | | 60.21% | | | | | | 8.61% | | |
Median | | | | $ | 1,241.1 | | | | | $ | 2,513.4 | | | | | | 756 | | | | | | 38.24% | | | | | | 50.50% | | |
Average | | | | $ | 1,508.3 | | | | | $ | 2,993.5 | | | | | | 2239 | | | | | | 36.24% | | | | | | 90.96% | | |
Walker & Dunlop, Inc. | | | | $ | 1,259.2 | | | | | $ | 4,833.9 | | | | | | 1,305 | | | | | | 67.00% | | | | | | 272.15% | | |
WD Rank: | | | 9 out of 17 | | | 2 out of 17 | | | 7 out of 17 | | | 2 out of 17 | | | 1 out of 17 | |
| |||||
| | Objectives | | | Key Features | | |
Base Salary | | | • Provides | | | • Adjustments are considered annually based on individual performance, | |
Annual Cash Incentive Award | | | • Rewards Company and individual • Aligns NEOs’ interests with those of our stockholders by promoting the achievement of targeted annual financial • Retains NEOs by providing competitive compensation | | | • Payouts are based upon a combination of Company financial performance and strategic and individual (25%) Adjusted EBITDA (25%) Total Revenues (25%) Diluted EPS (15%) Leadership & Strategy (10%) Diversity, Equity & Inclusion | |
Long-Term Equity Awards | | | • Directly aligns NEOs’ interests with long-term stockholder interests • Provides meaningful ownership and opportunities for wealth creation, which enables us to retain and motivate our NEOs | | | • Balanced approach that includes annual awards of: (i) restricted stock (“Annual Equity Award”), and (ii) performance share units (“Performance Share Units”) | |
| | Annual Equity Award | | | | | |
| | | • Retains NEOs through multi-year vesting of equity grants and by providing market-competitive compensation • Aligns NEOs’ interests with long-term stockholder interests by linking a portion of each NEO’s realizable compensation to long-term stock | | | • • Restricted stock awards generally vest in ratable increments over a three-year • Our NEOs are subject to the same stock price fluctuations as our stockholders | |
| | | Performance Share Units | | | | |
| | | • Aligns a significant portion of our NEOs’ compensation to achieving long-term financial objectives • Emphasizes the achievement of long-term financial growth and TSR performance | | | • Represents ~67% of Target Long-Term Equity Award for CEO, President and CFO and 50% of Target Long-Term Equity Award for GC and CHRO (based on grant date fair value) • Variable, at-risk compensation that can be earned between 0% to 250% of target pay for our CEO, President and CFO (inclusive of the TSR | |
| | Objectives | | | Key Features | | |
| | | | | | outperformance modifier) and between 0% to | |
other NEOs • | (50%) Averaged Diluted EPS (25%) Aggregate Total Revenues (25%) Return on Equity • | ||||||
100 | |
| | | Base Salary ($) | | | | | | | | | | | |||||||||
Name | | | 2020 | | | 2019 | | | % Change | | | |||||||||||
William M. Walker | | | | | 900,000 | | | | | | 900,000 | | | | | | 0 | | | | ||
Stephen P. Theobald | | | | | 500,000 | | | | | | 500,000 | | | | | | 0 | | | | ||
Howard W. Smith, III | | | | | 625,000 | | | | | | 625,000 | | | | | | 0 | | | | ||
Richard M. Lucas | | | | | 500,000 | | | | | | 500,000 | | | | | | 0 | | | | ||
Paula A. Pryor(1) | | | | | 400,000 | | | | | | — | | | | | | — | | | |
| | | Base Salary ($) | | | | | | | | |||||||||
Name | | | 2021 | | | 2020 | | | Change | | |||||||||
William M. Walker | | | | | 1,000,000 | | | | | | 900,000 | | | | | | +11% | | |
Stephen P. Theobald | | | | | 500,000 | | | | | | 500,000 | | | | | | — | | |
Howard W. Smith, III | | | | | 750,000 | | | | | | 625,000 | | | | | | +20% | | |
Richard M. Lucas | | | | | 500,000 | | | | | | 500,000 | | | | | | — | | |
Paula A. Pryor | | | | | 400,000 | | | | | | 400,000 | | | | | | — | | |
| | | Threshold as a Percentage of Base Salary | | | Target as a Percentage of Base Salary | | | Maximum as a Percentage of Base Salary | | |||||||||
William M. Walker | | | | | 75% | | | | | | 150% | | | | | | 375% | | |
Stephen P. Theobald | | | | | 50% | | | | | | 100% | | | | | | 250% | | |
Howard W. Smith, III | | | | | 62.5% | | | | | | 125% | | | | | | 312.5% | | |
Richard M. Lucas | | | | | 50% | | | | | | 100% | | | | | | 250% | | |
Paula A. Pryor | | | | | 50% | | | | | | 100% | | | | | | 250% | | |
| | | Annual Incentive Opportunity as a Percentage of Base Salary | | |||||||||||||||
Name | | | Threshold | | | Target | | | Maximum | | |||||||||
William M. Walker | | | | | 137.5% | | | | | | 275% | | | | | | 412.5% | | |
Stephen P. Theobald | | | | | 75% | | | | | | 150% | | | | | | 300% | | |
Howard W. Smith, III | | | | | 75% | | | | | | 150% | | | | | | 300% | | |
Richard M. Lucas | | | | | 50% | | | | | | 100% | | | | | | 250% | | |
Paula A. Pryor | | | | | 50% | | | | | | 100% | | | | | | 250% | | |
| | | | | | | | | 2021 Performance Goals | | | | | ||||||
Metric | | | Weighting | | | Threshold | | | Target | | | Maximum | | | 2021 Result | | |||
Adjusted EBITDA | | | | | 25% | | | | $215,849,032 | | | $249,400,195 | | | $274,340,215 | | | $309.3 million | |
Total Revenues | | | | | 25% | | | | $1,029,521,601 | | | $1,137,892,296 | | | $1,246,262,990 | | | $1.3 billion | |
Diluted EPS | | | | | 25% | | | | $7.31 | | | $8.07 | | | $8.84 | | | $8.15 | |
DE&I Initiatives | | | | | 10% | | | | See below for a description of goals and achievements | | | Target | | ||||||
Corporate Leadership & Strategic Initiatives | | | | | 15% | | | | See below for a description of goals and achievements | | | Target | |
2021 Goal | | | Achievements | |
Achieve year over year growth in the number of women and racially/ethnically diverse persons in management positions | | | Year over year growth of 39% in women in management positions and 67% growth in racially/ethnically diverse persons in management positions | |
Achieve year over year growth in the number of women and racially/ethnically diverse persons included in our top 20% compensated employees | | | Year over year growth of 51% in women in our top 20% compensated employees and 6% in racially/ethnically diverse persons in our top 20% compensated employees | |
Transition to gender and racially/ethnically diverse sales teams by the end of 2021 | | | We reconstituted our client services team with gender and racially/ethnically diverse management. Under the leadership of our CEO and our President, the team worked with individual sales teams to develop and execute upon business development strategies with our institutional clients that included diverse sales teams | |
Drive management implementation of DE&I through DE&I goal-setting; revise hiring and recruiting process to ensure hiring opportunities for DE&I candidates | | | DE&I hiring goals formally adopted throughout the Company; human capital DE&I metrics reported monthly to senior management; revised recruiting process to focus on expanding DE&I-focused partnerships to support diverse talent sourcing | |
Conduct a third-party audit of our corporate culture and equity and developing an action plan to address the audit findings | | | Engaged COQUAL and MLT to conduct diversity audits of our corporate culture and equity; NEOs adopted roadmap for our 2022 DE&I strategy, and supported the kickoff of Company-wide unconscious bias and inclusion trainings and other DE&I program enhancements in 2021; we received plan certification through the MLT Black Equity at Work Certification Program | |
2021 Goal | | | Achievements | |
Provide ongoing vision for our commitment to external diversity partners; expand our vendor selection and philanthropic giving processes to promote gender and racial/ethnic diversity | | | We continued to invest and expand our commitment to DE&I in the community through strengthening existing, and establishing new relationships; engaged interdisciplinary teams to assess procurement and philanthropy processes; made progress toward evaluating supplier diversity program vendors; over 70% percent of our 2021 charitable giving went to organizations supporting diverse communities | |
Category | | | 2021 Goals | | | Achievements | |
Financial/ Operations | | | 1. Continue optimization of revenue, cash management/liquidity, including navigation of servicing forbearance programs to meet Fannie Mae and FHA requirements in light of COVID-19 response 2. Pivot strategy to reduce risk and/or capitalize on opportunities 3. Drive to make technology and data a key business differentiator throughout the enterprise 4. Build momentum toward achievement of Drive to ‘25 | | | • Completed Alliant, Zelman & Associates (“Zelman”) and TapCap acquisitions, which position us well towards achieving several of our Drive to ‘25 goals • Replaced our $300 million term debt facility with a $600 million facility to fund the Alliant acquisition and support our overall liquidity • Maintained over $4 billion of Agency lending capacity from seven different capital providers • Optimized cash management/liquidity and maintained sufficient cash balances throughout 2021 and made dividend payments of $64 million | |
Employees | | | 1. Maintain our culture as evidenced by a variety of measures including third party corporate recognition, internal employee survey or Company turnover 2. Navigate through evolution of COVID-19 to keep employees safe, informed and connected 3. Execute on back-to-office/travel process | | | • We were named as a Great Places to Work® as published in Fortune for the 8th time and as a Washington Post Top Workplace for the 7th time • Named a Diversity Champion and Multifamily Influencer by GlobeSt.com • Maintained employee-first approach, including adding technology resources to track vaccinations and health screening questionnaires. Supported a work-from-home option while maintaining office access for all fully vaccinated employees | |
Customers/ Community | | | 1. Expand our brand/capitalizing on the Walker Webcast 2. Monitor legislative and regulatory | | | • Walker Webcast has amassed over three million total views with viewership growing by more than 1200% since the fourth quarter 2020 | |
Category | | | 2021 Goals | | | Achievements | |
| | | developments impacting our business 3. Broad ESG Efforts 4. Prioritize and increase charitable giving to support 2025 goal to donate 1% of annual income from operations to philanthropic efforts 5. Provide corporate opportunities for employees to volunteer at least 20 hours per year | | | • Worked closely with industry associations and others to monitor all legislation dealing with commercial real estate, taxation and FHFA/GSE matters • Formed an ESG Working Group and expanded the level and quality of our ESG related disclosure by publishing our first ever TCFD report. Earned inclusion in the Bloomberg Gender Equality Index (GEI) for 2022 • Donated over $1 million to charitable organizations in 2021, and organized several opportunities for employees to volunteer including a Company-wide virtual volunteer week | |
Shareholders | | | 1. Leadership effectiveness 2. Interactions with analysts and shareholders 3. Financial results and TSR 4. Dividend actions | | | • Participated in eight investor conferences hosted by sell side analysts and held over 118 meetings with buy side investors and sell side analysts • Record financial results including record levels of total revenues, net income and adjusted EBITDA • Achieved one-year TSR of 67%, outpacing all but one of our peer companies • Increased the dividend to $0.50 per quarter, up from $0.36 in 2020 | |
| | | Threshold | | | Target | | | Maximum | | | 2020 Performance Results | | | Actual Payout | | |||||||||
Annual Cash Incentive | | | | $ | 675,000 | | | | | $ | 1,350,000 | | | | | $ | 3,375,000 | | | | N/A | | | $3,096,087 (total) | |
Goals: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | | | $ | 810,851,829 | | | | | $ | 876,319,415 | | | | | $ | 941,787,000 | | | | $1,083,706,948 | | | $421,875 | |
Diluted EPS | | | | $ | 4.80 | | | | | $ | 5.53 | | | | | $ | 6.26 | | | | $7.69 | | | $843,750 | |
Adjusted EBITDA | | | | $ | 188,996,766 | | | | | $ | 224,649,781 | | | | | $ | 260,302,795 | | | | $215,849,032 | | | $142,962 | |
COVID-19 | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described below | | | $843,750 | |
Leadership & Strategy | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described below | | | $843,750 | |
| | | Threshold | | | Target | | | Maximum | | | 2020 Performance Results | | | Actual Payout | | |||||||||
Annual Cash Incentive | | | | $ | 250,000 | | | | | $ | 500,000 | | | | | $ | 1,250,000 | | | | N/A | | | $1,146,699 (total) | |
Goals: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | | | $ | 810,851,829 | | | | | $ | 876,319,415 | | | | | $ | 941,787,000 | | | | $1,083,706,948 | | | $156,250 | |
Diluted EPS | | | | $ | 4.80 | | | | | $ | 5.53 | | | | | $ | 6.26 | | | | $7.69 | | | $312,500 | |
Adjusted EBITDA | | | | $ | 188,996,766 | | | | | $ | 224,649,781 | | | | | $ | 260,302,795 | | | | $215,849,032 | | | $52,949 | |
COVID-19 | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described above | | | $312,500 | |
Leadership & Strategy | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described below | | | $312,500 | |
| | | Threshold | | | Target | | | Maximum | | | 2020 Performance Results | | | Actual Payout | | |||||||||
Annual Cash Incentive | | | | $ | 390,625 | | | | | $ | 781,250 | | | | | $ | 1,953,125 | | | | N/A | | | $1,791,717 (total) | |
Goals: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | | | $ | 810,851,829 | | | | | $ | 876,319,415 | | | | | $ | 941,787,000 | | | | $1,083,706,948 | | | $244,141 | |
Diluted EPS | | | | $ | 4.80 | | | | | $ | 5.53 | | | | | $ | 6.26 | | | | $7.69 | | | $488,281 | |
Adjusted EBITDA | | | | $ | 188,996,766 | | | | | $ | 224,649,781 | | | | | $ | 260,302,795 | | | | $215,849,032 | | | $82,733 | |
COVID-19 | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described above | | | $488,281 | |
Leadership & Strategy | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described below | | | $488,281 | |
| | | Threshold | | | Target | | | Maximum | | | 2020 Performance Results | | | Actual Payout | | |||||||||
Annual Cash Incentive | | | | $ | 250,000 | | | | | $ | 500,000 | | | | | $ | 1,250,000 | | | | N/A | | | $1,146,699 (total) | |
Goals: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | | | $ | 810,851,829 | | | | | $ | 876,319,415 | | | | | $ | 941,787,000 | | | | $1,083,706,948 | | | $156,250 | |
Diluted EPS | | | | $ | 4.80 | | | | | $ | 5.53 | | | | | $ | 6.26 | | | | $7.69 | | | $312,500 | |
Adjusted EBITDA | | | | $ | 188,996,766 | | | | | $ | 224,649,781 | | | | | $ | 260,302,795 | | | | $215,849,032 | | | $52,949 | |
COVID-19 | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described above | | | $312,500 | |
Leadership & Strategy | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described below | | | $312,500 | |
| | | Threshold | | | Target | | | Maximum | | | 2020 Performance Results | | | Actual Payout | | |||||||||
Annual Cash Incentive | | | | $ | 200,000 | | | | | $ | 400,000 | | | | | $ | 1,000,000 | | | | N/A | | | $917,359 (total) | |
Goals: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | | | $ | 810,851,829 | | | | | $ | 876,319,415 | | | | | $ | 941,787,000 | | | | $1,083,706,948 | | | $125,000 | |
Diluted EPS | | | | $ | 4.80 | | | | | $ | 5.53 | | | | | $ | 6.26 | | | | $7.69 | | | $250,000 | |
Adjusted EBITDA | | | | $ | 188,996,766 | | | | | $ | 224,649,781 | | | | | $ | 260,302,795 | | | | $215,849,032 | | | $42,359 | |
COVID-19 | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described above | | | $250,000 | |
Leadership & Strategy | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | Achieved, as described below | | | $250,000 | |
Name | | | | ||||
William M. Walker | | | | | | | |
Stephen P. Theobald | | | | | | | |
Howard W. Smith, III | | | | | | | |
Richard M. Lucas | | | | | | | |
Paula A. Pryor | | | | | | |
| | | Equity Award Opportunity as a Percentage of Base Salary(1) | | |||||||||||||||||||||||||||
| | | | | | | | | 2021-2023 Performance Share Plan | | |||||||||||||||||||||
Name | | | Annual Equity Award | | | Threshold | | | Target | | | Maximum | | | TSR Outperformance(2) | | |||||||||||||||
William M. Walker | | | | | 142% | | | | | | 142% | | | | | | 283% | | | | | | 567% | | | | | | 142% | | |
Stephen P. Theobald | | | | | 108% | | | | | | 108% | | | | | | 217% | | | | | | 433% | | | | | | 108% | | |
Howard W. Smith, III | | | | | 108% | | | | | | 108% | | | | | | 217% | | | | | | 433% | | | | | | 108% | | |
Richard M. Lucas | | | | | 100% | | | | | | 75% | | | | | | 100% | | | | | | 225% | | | | | | — | | |
Paula A. Pryor | | | | | 100% | | | | | | 75% | | | | | | 100% | | | | | | 225% | | | | | | — | | |
Name | | | Number of Shares Restricted Stock Granted(1) | | |||
William M. Walker | | | | | | | |
Stephen P. Theobald | | | | | | | |
Howard W. Smith, III | | | | | | | |
Richard M. Lucas | | | | | | | |
Paula A. Pryor | | | | | | |
| | | | | | | | | 2021-2023 Performance Goals | | ||||||
Metric and Rationale for Inclusion | | | Weighting | | | Threshold | | | Target | | | Maximum | | |||
Average Diluted EPS Most direct measure of value returned to our stockholders, in both the short and long term. Goals are established at significant levels in excess of annual cash incentive goals and our actual 2020 results. | | | | | 50% | | | | $8.48 | | | $9.33 | | | $10.24 | |
Aggregate Total Revenues Motivates our executives to drive significant growth and diversification of our platforms. Goals are established at meaningful levels that require significant effort by our executives to achieve. | | | | | 25% | | | | $3.6 billion | | | $3.9 billion | | | $4.3 billion | |
| | | | | | | | | 2021-2023 Performance Goals | | ||||||
Metric and Rationale for Inclusion | | | Weighting | | | Threshold | | | Target | | | Maximum | | |||
Return on Equity Motivates management to create shareholder value while remaining focused on profitability and capital management. | | | | | 25% | | | | 16% | | | 19% | | | 22% | |
Achievement Against Performance Goal | | | Average Diluted EPS for the Performance Period (50% Weighting) | | | Required Annual Growth from 2019 Diluted EPS | | | Aggregate Total Revenues for the Performance Period (25% Weighting) | | | Required Growth from 2017-2019 Aggregate Total Revenues | | | Return on Equity (25% Weighting) | | | Number of Performance Share Units Eligible to be Vested | | ||||||||||||
Threshold | | | | $ | 6.31 | | | | | | 7.5% | | | | $2.8 billion | | | | | 24% | | | | | | 16.0% | | | | Threshold Number of Performance Share Units | |
Target | | | | $ | 6.93 | | | | | | 12.5% | | | | $3.1 billion | | | | | 38% | | | | | | 19.0% | | | | Target Number of Performance Share Units | |
Maximum | | | | $ | 7.59 | | | | | | 17.5% | | | | $3.4 billion | | | | | 51% | | | | | | 22.0% | | | | Maximum Number of Performance Share Units | |
| | | 2021 Annual Cash Incentive Plan | | | 2021-2023 Performance Share Plan | | ||||||||||||||||||||||||||||||||||||||||||
| | | Annual Equity Award as a Percentage of Base Salary | | | Threshold as a Percentage of Base Salary | | | Target as a Percentage of Base Salary | | | Maximum as a Percentage of Base Salary | | | Threshold as a Percentage of Base Salary | | | Target as a Percentage of Base Salary | | | Maximum as a Percentage of Base Salary | | | Outperformance Award as a Percentage of Base Salary | | ||||||||||||||||||||||||
William M. Walker | | | | | 142% | | | | | | 138% | | | | | | 275% | | | | | | 413% | | | | | | 142% | | | | | | 283% | | | | | | 567% | | | | | | 142% | | |
Stephen P. Theobald | | | | | 108% | | | | | | 75% | | | | | | 150% | | | | | | 300% | | | | | | 108% | | | | | | 217% | | | | | | 433% | | | | | | 109% | | |
Howard W. Smith, III | | | | | 108% | | | | | | 75% | | | | | | 150% | | | | | | 300% | | | | | | 108% | | | | | | 217% | | | | | | 433% | | | | | | 109% | | |
Name | | Year | | Salary ($) | | Bonus ($)(1) | | Stock Awards ($)(2) | | Option Awards ($) | | Non-Equity Incentive Plan Compensation ($)(3) | | All Other Compensation ($)(4) | | Total ($) | | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(2) | | Option Awards ($) | | Non-Equity Incentive Plan Compensation ($)(3) | | All Other Compensation ($)(4) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
William M. Walker Chairman and Chief Executive Officer | | | | | 2020 | | | | | 900,000 | | | | | 903,913 | | | | | 2,049,817 | | | | | — | | | | | 3,096,087 | | | | | 4,500 | | | | | 6,954,317 | | | | | | | 2021 | | | | | 1,000,000 | | | | | — | | | | | 3,083,219 | | | | | — | | | | | 3,471,249 | | | | | 4,500 | | | | | 7,558,968 | | | ||||||||||||||
| | | 2019 | | | | | 900,000 | | | | | — | | | | | 1,974,898 | | | | | — | | | | | 1,976,408 | | | | | 4,500 | | | | | 4,855,806 | | | | | | 2020 | | | | | 900,000 | | | | | 903,913 | | | | | 2,049,817 | | | | | — | | | | | 3,096,087 | | | | | 4,500 | | | | | 6,954,317 | | | |||||||||||||||||
| | | 2018 | | | | | 900,000 | | | | | — | | | | | 1,799,926 | | | | | — | | | | | 1,350,000 | | | | | 4,500 | | | | | 4,054,426 | | | | | | 2019 | | | | | 900,000 | | | | | — | | | | | 1,974,898 | | | | | — | | | | | 1,976,408 | | | | | 4,500 | | | | | 4,855,806 | | | |||||||||||||||||
Stephen P. Theobald Executive Vice President and Chief Financial Officer | | | | | 2020 | | | | | 500,000 | | | | | 1,053,301 | | | | | 1,074,881 | | | | | — | | | | | 1,146,699 | | | | | 4,500 | | | | | 3,779,381 | | | | | | | 2021 | | | | | 500,000 | | | | | — | | | | | 1,183,190 | | | | | — | | | | | 1,143,409 | | | | | 4,500 | | | | | 2,831,099 | | | ||||||||||||||
| | | 2019 | | | | | 500,000 | | | | | — | | | | | 874,905 | | | | | — | | | | | 800,000 | | | | | 4,500 | | | | | 2,179,405 | | | | | | 2020 | | | | | 500,000 | | | | | 1,053,301 | | | | | 1,074,881 | | | | | — | | | | | 1,146,699 | | | | | 4,500 | | | | | 3,779,381 | | | |||||||||||||||||
| | | 2018 | | | | | 500,000 | | | | | 129,734 | | | | | 874,924 | | | | | — | | | | | 523,766 | | | | | 4,500 | | | | | 2,032,924 | | | | | | 2019 | | | | | 500,000 | | | | | — | | | | | 874,905 | | | | | — | | | | | 800,000 | | | | | 4,500 | | | | | 2,179,405 | | | |||||||||||||||||
Howard W. Smith, III President | | | | | 2020 | | | | | 625,000 | | | | | 958,283 | | | | | 1,243,624 | | | | | — | | | | | 1,791,717 | | | | | 15,000 | | | | | 4,633,624 | | | | | | | 2021 | | | | | 750,000 | | | | | — | | | | | 1,875,246 | | | | | — | | | | | 1,715,113 | | | | | 4,500 | | | | | 4,344,859 | | | ||||||||||||||
| | | 2019 | | | | | 625,000 | | | | | — | | | | | 1,210,799 | | | | | — | | | | | 1,200,000 | | | | | 4,500 | | | | | 3,040,299 | | | | | | 2020 | | | | | 625,000 | | | | | 958,283 | | | | | 1,243,624 | | | | | — | | | | | 1,791,717 | | | | | 15,000 | | | | | 4,633,624 | | | |||||||||||||||||
| | | 2018 | | | | | 625,000 | | | | | — | | | | | 1,343,573 | | | | | — | | | | | 781,250 | | | | | 4,500 | | | | | 2,754,323 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2019 | | | | | 625,000 | | | | | — | | | | | 1,210,799 | | | | | — | | | | | 1,200,000 | | | | | 4,500 | | | | | 3,040,299 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Richard M. Lucas Executive Vice President, General Counsel and Secretary | | | | | 2020 | | | | | 500,000 | | | | | 353,301 | | | | | 1,049,905 | | | | | — | | | | | 1,146,699 | | | | | 4,500 | | | | | 3,054,405 | | | | | | | 2021 | | | | | 500,000 | | | | | 7,000(1) | | | | | 1,062,374 | | | | | — | | | | | 893,409 | | | | | 4,500 | | | | | 2,467,283 | | | ||||||||||||||
| | | 2019 | | | | | 500,000 | | | | | — | | | | | 974,894 | | | | | — | | | | | 700,000 | | | | | 4,500 | | | | | 2,179,394 | | | | | | 2020 | | | | | 500,000 | | | | | 353,301 | | | | | 1,049,905 | | | | | — | | | | | 1,146,699 | | | | | 4,500 | | | | | 3,054,405 | | | |||||||||||||||||
| | | 2018 | | | | | 500,000 | | | | | — | | | | | 999,883 | | | | | — | | | | | 400,000 | | | | | 4,500 | | | | | 1,904,383 | | | | | | 2019 | | | | | 500,000 | | | | | — | | | | | 974,894 | | | | | — | | | | | 700,000 | | | | | 4,500 | | | | | 2,179,394 | | | |||||||||||||||||
Paula A. Pryor Executive Vice President and Chief Human Resources Officer | | | | 2020 | | | | | 361,280 | | | | | 589,641 | | | | | 651,434 | | | | | — | | | | | 917,359 | | | | | 4,500 | | | | | 2,524,214 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paula A. Pryor Executive Vice President, Chief Human Resources Officer | | | | | 2021 | | | | | 400,000 | | | | | — | | | | | 949,878 | | | | | — | | | | | 714,727 | | | | | 4,500 | | | | | 2,069,105 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 361,280 | | | | | 589,641 | | | | | 651,434 | | | | | — | | | | | 917,359 | | | | | 4,500 | | | | | 2,524,214 | | |
| | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards | | Estimated Future Payouts Under Equity Incentive Plan Awards | | All Other Stock Awards: Number of Shares of | | Grant Date Fair Value of Stock and Option | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards | | Estimated Future Payouts Under Equity Incentive Plan Awards | | | All Other Stock Awards: Number of Shares of Stock (#)(4) | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name/Award Type(1) | | Grant Date | | Threshold ($)(2) | | Target ($)(2) | | Maximum ($)(2) | | Threshold (#)(3) | | Target (#)(3) | | Maximum (#)(3) | | Stock (#)(4) | | Awards ($)(5) | | | Grant Date | | Threshold ($)(2) | | Target ($)(2) | | Maximum ($)(2) | | Threshold (#)(3) | | Target (#)(3) | | Maximum (#)(3) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
William M. Walker | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
Restricted Stock | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,422 | | | | | 899,939 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 14,115 | | | | | 1,416,581 | | | ||||||||||||||||||
Restricted Stock Units | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,172 | | | | | 249,922 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,491 | | | | | 249,997 | | | ||||||||||||||||||
Cash Awards | | | | 6/27/2020 | | | | | 675,000 | | | | | 1,350,000 | | | | | 3,375,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | | | | 3/3/2021 | | | | | 1,375,000 | | | | | 2,750,000 | | | | | 4,125,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | ||||||||||||||||||
Performance Share Units | | | | 7/17/2020 | | | | | | | | | | | | | | | | | | | | 17,906 | | | | | 35,813 | | | | | 80,580 | | | | | — | | | | | 899,956 | | | | | | 3/3/2021 | | | | | | | | | | | | | | | | | | | | 14,117 | | | | | 28,234 | | | | | 70,586 | | | | | — | | | | | 1,416,641 | | | ||||||||||||||||||
Stephen P. Theobald | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
Restricted Stock | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,345 | | | | | 499,923 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,397 | | | | | 541,643 | | | ||||||||||||||||||
Restricted Stock Units | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,538 | | | | | 199,969 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 996 | | | | | 99,959 | | | ||||||||||||||||||
Cash Awards | | | | 6/27/2020 | | | | | 250,000 | | | | | 500,000 | | | | | 1,250,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | | | | 3/3/2021 | | | | | 375,000 | | | | | 750,000 | | | | | 1,500,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | ||||||||||||||||||
Performance Share Units | | | | 7/17/2020 | | | | | | | | | | | | | | | | | | | | 7,461 | | | | | 9,948 | | | | | 22,383 | | | | | — | | | | | 374,990 | | | | | | 3/3/2021 | | | | | | | | | | | | | | | | | | | | 5,397 | | | | | 10,795 | | | | | 26,988 | | | | | — | | | | | 541,589 | | | ||||||||||||||||||
Howard W. Smith, III | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
Restricted Stock | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7,932 | | | | | 624,962 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,097 | | | | | 812,615 | | | ||||||||||||||||||
Restricted Stock Units | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,903 | | | | | 149,937 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,491 | | | | | 249,997 | | | ||||||||||||||||||
Cash Awards | | | | 6/27/2020 | | | | | 390,625 | | | | | 781,250 | | | | | 1,953,125 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | | | | 3/3/2021 | | | | | 562,500 | | | | | 1,125,000 | | | | | 2,250,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | ||||||||||||||||||
Performance Share Units | | | | 7/17/2020 | | | | | | | | | | | | | | | | | | | | 9,326 | | | | | 18,653 | | | | | 41,969 | | | | | — | | | | | 468,725 | | | | | | 3/3/2021 | | | | | | | | | | | | | | | | | | | | 8,098 | | | | | 16,196 | | | | | 40,491 | | | | | — | | | | | 812,634 | | | ||||||||||||||||||
Richard M. Lucas | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
Restricted Stock | | �� | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,345 | | | | | 499,923 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,982 | | | | | 499,994 | | | |||||||||||||||||
Restricted Stock Units | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,221 | | | | | 174,993 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,868 | | | | | 187,472 | | | ||||||||||||||||||
Cash Awards | | | | 6/27/2020 | | | | | 250,000 | | | | | 500,000 | | | | | 1,250,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | | | | 3/3/2021 | | | | | 250,000 | | | | | 500,000 | | | | | 1,250,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | ||||||||||||||||||
Performance Share Units | | | | 7/17/2020 | | | | | | | | | | | | | | | | | | | | 7,461 | | | | | 9,948 | | | | | 22,383 | | | | | — | | | | | 374,990 | | | | | | 3/3/2021 | | | | | | | | | | | | | | | | | | | | 3,736 | | | | | 4,982 | | | | | 11,210 | | | | | — | | | | | 374,908 | | | ||||||||||||||||||
Paula A. Pryor | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
Restricted Stock | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,807 | | | | | 299,954 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,985 | | | | | 399,935 | | | ||||||||||||||||||
Restricted Stock Units | | | | 2/14/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 654 | | | | | 51,529 | | | | | | 2/12/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,491 | | | | | 249,997 | | | ||||||||||||||||||
Cash Awards | | | | 6/27/2020 | | | | | 200,000 | | | | | 400,000 | | | | | 1,000,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | | | | 3/3/2021 | | | | | 200,000 | | | | | 400,000 | | | | | 1,000,000 | | | | | | | | | | | | | | | | | | | | — | | | | | — | | | ||||||||||||||||||
Performance Share Units | | | | 7/17/2020 | | | | | | | | | | | | | | | | | | | | 5,968 | | | | | 7,958 | | | | | 17,906 | | | | | — | | | | | 299,952 | | | | | | 3/3/2021 | | | | | | | | | | | | | | | | | | | | 2,989 | | | | | 3,986 | | | | | 8,968 | | | | | — | | | | | 299,946 | | |
| | | | | | | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable(1) | | Number of Securities Underlying Unexercised Options (#) Unexercisable(1) | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | Equity Incentive Plan Awards: Number of Unearned Units that Have Not Vested (#)(3) | | Equity Incentive Plan Awards: Market Value of Unearned Units that Have Not Vested ($)(2) | | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable(1) | | Number of Securities Underlying Unexercised Options (#) Unexercisable(1) | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | Equity Incentive Plan Awards: Number of Unearned Units that Have Not Vested (#)(3) | | Equity Incentive Plan Awards: Market Value of Unearned Units that Have Not Vested ($)(2) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
William M. Walker | | | | 2/15/2016 | | | | | 83,218 | | | | | — | | | | | 20.40 | | | | | 2/15/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,505(4) | | | | | 830,594 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2017 | | | | | 48,064 | | | | | — | | | | | 39.82 | | | | | 2/15/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,933(4) | | | | | 545,955 | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,421(5) | | | | | 516,232 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 3/5/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 14,366 | | | | | 1,321,959 | | | | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 70,135 | | | | | 10,581,969 | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 11,010(4) | | | | | 1,013,140 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,615(4) | | | | | 1,148,951 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,362(5) | | | | | 309,385 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,307(5) | | | | | 499,026 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | �� | | | | 68,678 | | | | | 6,319,750 | | | | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 69,388 | | | | | 10,469,261 | | | |||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 11,422(4) | | | | | 1,051,052 | | | | | — | | | | | — | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 14,115(4) | | | | | 2,129,671 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,250(5) | | | | | 299,073 | | | | | — | | | | | — | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,535(5) | | | | | 382,474 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 69,388 | | | | | 6,385,084 | | | | | | 3/3/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 21,175 | | | | | 3,194,884 | | | ||||||||||||||||||
Stephen P. Theobald | | | | 2/15/2014 | | | | | 31,496 | | | | | — | | | | | 17.05 | | | | | 2/15/2024 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2014 | | | | | 31,496 | | | | | — | | | | | 17.05 | | | | | 2/15/2024 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2015 | | | | | 16,949 | | | | | — | | | | | 16.72 | | | | | 2/15/2025 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2015 | | | | | 16,949 | | | | | — | | | | | 16.72 | | | | | 2/15/2025 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2016 | | | | | 13,870 | | | | | — | | | | | 20.40 | | | | | 2/15/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2016 | | | | | 13,870 | | | | | — | | | | | 20.40 | | | | | 2/15/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2017 | | | | | 8,344 | | | | | — | | | | | 39.82 | | | | | 2/15/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2017 | | | | | 8,344 | | | | | — | | | | | 39.82 | | | | | 2/15/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,296(4) | | | | | 303,298 | | | | | — | | | | | — | | | | | | 2/15/2016 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,972(5) | | | | | 750,104 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 3/5/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,524 | | | | | 416,298 | | | | | | 2/15/2017 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,743(5) | | | | | 413,901 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,116(4) | | | | | 562,794 | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,058(4) | | | | | 461,391 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,077 | | | | | 1,755,466 | | | | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,480 | | | | | 2,939,142 | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,345(4) | | | | | 583,867 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,230(4) | | | | | 638,222 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,600(5) | | | | | 239,296 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,646(5) | | | | | 399,284 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,275 | | | | | 1,773,686 | | | | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,275 | | | | | 2,908,212 | | | ||||||||||||||||||
| | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,397(4) | | | | | 814,299 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,014(5) | | | | | 152,928 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/3/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 8,095 | | | | | 1,221,374 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Howard W. Smith, III | | | | 4/1/2013 | | | | | 15,521 | | | | | — | | | | | 18.03 | | | | | 4/1/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2014 | | | | | 3,513 | | | | | — | | | | | 17.05 | | | | | 2/15/2024 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2014 | | | | | 62,992 | | | | | — | | | | | 17.05 | | | | | 2/15/2024 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/15/2015 | | | | | 67,797 | | | | | — | | | | | 16.72 | | | | | 2/15/2025 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2015 | | | | | 67,797 | | | | | — | | | | | 16.72 | | | | | 2/15/2025 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2016 | | | | | 55,479 | | | | | — | | | | | 20.40 | | | | | 2/15/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2016 | | | | | 55,479 | | | | | — | | | | | 20.40 | | | | | 2/15/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2017 | | | | | 33,377 | | | | | — | | | | | 39.82 | | | | | 2/15/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2017 | | | | | 33,377 | | | | | — | | | | | 39.82 | | | | | 2/15/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,120(4) | | | | | 379,122 | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,8234) | | | | | 576,814 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,277(5) | | | | | 485,601 | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,291(5) | | | | | 345,655 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 3/5/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,480 | | | | | 688,310 | | | | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 36,527 | | | | | 5,511,194 | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,646(4) | | | | | 703,585 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,288(4) | | | | | 797,853 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,251(5) | | | | | 207,156 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,984(5) | | | | | 299,384 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 35,770 | | | | | 3,291,555 | | | | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 36,140 | | | | | 5,452,803 | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,932(4) | | | | | 729,903 | | | | | — | | | | | — | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 8,097(4) | | | | | 1,221,675 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,950(5) | | | | | 179,425 | | | | | — | | | | | — | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,535(5) | | | | | 382,474 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 36,140 | | | | | 3,325,603 | | | | | | 3/3/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 12,146 | | | | | 1,832,588 | | | ||||||||||||||||||
Richard M. Lucas | | | | 2/15/2017 | | | | | 2,781 | | | | | — | | | | | 39.82 | | | | | 2/15/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/15/2017 | | | | | 2,781 | | | | | — | | | | | 39.82 | | | | | 2/15/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,296(4) | | | | | 303,298 | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,058(4) | | | | | 461,391 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,638(5) | | | | | 242,751 | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,955(5) | | | | | 295,013 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 3/5/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,524 | | | | | 416,298 | | | | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,480 | | | | | 2,939,142 | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,116(4) | | | | | 562,794 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,230(4) | | | | | 638,222 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,921(5) | | | | | 176,805 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,316(5) | | | | | 349,413 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,077 | | | | | 1,755,466 | | | | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,275 | | | | | 2,908,212 | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,345(4) | | | | | 583,867 | | | | | — | | | | | — | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,982(4) | | | | | 751,684 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,276(5) | | | | | 209,408 | | | | | — | | | | | — | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,901(5) | | | | | 286,817 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 19,275 | | | | | 1,773,686 | | | | | | 3/3/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,359 | | | | | 657,686 | | | ||||||||||||||||||
Paula A. Pryor | | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,360(4) | | | | | 125,147 | | | | | — | | | | | — | | | | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 537(5) | | | | | 80,977 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 527(5) | | | | | 48,531 | | | | | — | | | | | — | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,262(4) | | | | | 190,411 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 3/5/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,785 | | | | | 164,256 | | | | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,008(5) | | | | | 152,089 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,523(4) | | | | | 232,166 | | | | | — | | | | | — | | | | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,180 | | | | | 932,438 | | | ||||||||||||||||||
| | | | 2/15/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 991(5) | | | | | 91,149 | | | | | — | | | | | — | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,538(4) | | | | | 382,933 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 4/2/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,092 | | | | | 560,586 | | | | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 682(5) | | | | | 102,889 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,807(4) | | | | | 350,320 | | | | | — | | | | | — | | | | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,419 | | | | | 2,326,419 | | | ||||||||||||||||||
| | | | 2/14/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 670(5) | | | | | 61,663 | | | | | — | | | | | — | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,985(4) | | | | | 601,257 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 7/17/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,419 | | | | | 1,418,856 | | | | | | 2/12/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,535(5) | | | | | 382,474 | | | | | — | | | | | — | | | ||||||||||||||||||
| | | | 3/3/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,487 | | | | | 526,119 | | |
| | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||
Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($) | | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($) | | ||||||||||||||||||||||||||||||||
William M. Walker | | | | 294,062 | | | | | 10,985,547 | | | | | 81,556 | | | | | 6,425,797 | | | | | | 131,282 | | | | | 9,425,349 | | | | | 33,269 | | | | | 3,338,877 | | | ||||||||
Stephen P. Theobald | | | | 28,548 | | | | | 1,465,892 | | | | | 32,595 | | | | | 2,530,055 | | | | | | — | | | | | — | | | | | 14,009 | | | | | 1,405,943 | | | ||||||||
Howard W. Smith, III | | | | 137,000 | | | | | 6,518,045 | | | | | 50,475 | | | | | 3,841,736 | | | | | | 75,000 | | | | | 6,142,439 | | | | | 25,274 | | | | | 2,599,255 | | | ||||||||
Richard M. Lucas | | | | — | | | | | — | | | | | 32,172 | | | | | 2,467,237 | | | | | | — | | | | | — | | | | | 16,659 | | | | | 1,703,265 | | | ||||||||
Paula A. Pryor | | | | — | | | | | — | | | | | 10,538 | | | | | 814,088 | | | | | | — | | | | | — | | | | | 7,547 | | | | | 727,717 | | |
Name | | Executive Contributions in Last Fiscal Year ($)(1) | | Registrant Contributions in Last Fiscal Year ($) | | Aggregate Earnings in Last Fiscal Year ($)(2) | | Aggregate Withdrawals/ Distributions ($)(3) | | Aggregate Balance at Last Fiscal Year End ($)(4) | | | Executive Contributions in Last Fiscal Year ($)(1) | | Registrant Contributions in Last Fiscal Year ($) | | Aggregate Earnings in Last Fiscal Year ($)(2) | | Aggregate Withdrawals/ Distributions ($)(3) | | Aggregate Balance at Last Fiscal Year End ($)(4) | | ||||||||||||||||||||||||||||||||||||||||
William M. Walker | | | | 999,994 | | | | | — | | | | | 277,935 | | | | | 18,386 | | | | | 2,174,905 | | | | | | 1,499,886 | | | | | — | | | | | 1,089,682 | | | | | 35,500 | | | | | 4,178,006 | | | ||||||||||
Stephen P. Theobald | | | | 199,917 | | | | | — | | | | | 736,598 | | | | | 27,762 | | | | | 2,671,574 | | | | | | 199,982 | | | | | — | | | | | 1,732,031 | | | | | 42,542 | | | | | 4,573,356 | | | ||||||||||
Howard W. Smith, III | | | | 2,749,973 | | | | | — | | | | | 401,258 | | | | | 31,996 | | | | | 4,562,215 | | | | | | 1,715,113 | | | | | — | | | | | 1,217,734 | | | | | 32,969 | | | | | 3,765,270 | | | ||||||||||
Richard M. Lucas | | | | 374,945 | | | | | — | | | | | 257,143 | | | | | 20,617 | | | | | 1,576,266 | | | | | | 374,949 | | | | | — | | | | | 790,016 | | | | | 26,118 | | | | | 2,162,575 | | | ||||||||||
Paula A. Pryor | | | | 749,990 | | | | | — | | | | | 222,626 | | | ��� | | | 10,915 | | | | | 1,571,302 | | | | | | 449,965 | | | | | — | | | | | 668,129 | | | | | 23,322 | | | | | 2,290,353 | | |
Executive Officer | | Benefit | | Non-renewal by Company ($)(1) | | Without Cause/ For Good Reason ($)(2) | | Death ($) | | Disability ($)(3) | | Retirement ($)(4) | | | Benefit | | Non-renewal by Company ($)(1) | | Without Cause/ For Good Reason ($)(2) | | Death ($) | | Disability ($)(3) | | Retirement ($)(4) | | ||||||||||||||||||||||||||||||||||||||||||
William M. Walker | | Cash | | | | 8,226,408(5) | | | | | 8,226,408(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Cash | | | | 10,447,657(5) | | | | | 10,447,657(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Equity Acceleration | | | | 2,610,147(7)(8) | | | | | 10,273,634(7)(8) | | | | | 13,107,258(7)(9) | | | | | 13,107,258(7)(9) | | | | | N/A | | | | Equity Acceleration | | | | 4,109,217(7)(8) | | | | | 22,735,655(7)(8) | | | | | 19,375,085(7)(9) | | | | | 19,375,085(7)(9) | | | | | N/A | | | ||||||||||||
| | Total | | | | 10,859,017 | | | | | 18,522,504 | | | | | 13,107,258 | | | | | 13,107,258 | | | | | N/A | | | | Total | | | | 14,579,335 | | | | | 33,205,773 | | | | | 19,375,085 | | | | | 19,375,085 | | | | | N/A | | | ||||||||||||
Stephen P. Theobald | | Cash | | | | 4,150,000(5) | | | | | 4,150,000(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Cash | | | | 4,643,409(5) | | | | | 4,643,409(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Equity Acceleration | | | | 1,449,959(7)(8) | | | | | 3,627,796(7)(8) | | | | | 5,133,655(7)(9) | | | | | 5,133,655(7)(9) | | | | | N/A | | | | Equity Acceleration | | | | 1,913,913(7)(8) | | | | | 7,198,988(7)(8) | | | | | 8,373,194(7)(9) | | | | | 8,373,194(7)(9) | | | | | N/A | | | ||||||||||||
| | Total | | | | 5,622,421 | | | | | 7,800,258 | | | | | 5,133,655 | | | | | 5,133,655 | | | | | N/A | | | | Total | | | | 6,579,783 | | | | | 11,864,858 | | | | | 8,373,194 | | | | | 8,373,194 | | | | | N/A | | | ||||||||||||
Howard W. Smith, III | | Cash | | | | 5,022,967(5) | | | | | 5,022,967(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Cash | | | | 6,831,830(5) | | | | | 6,831,830(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Equity Acceleration | | | | 1,812,610(7)(8) | | | | | 5,803,824(7)(8) | | | | | 7,835,059(7)(9) | | | | | 7,835,059(7)(9) | | | | | N/A | | | | Equity Acceleration | | | | 2,596,343(7)(8) | | | | | 12,353,702(7)(8) | | | | | 11,296,558(7)(9) | | | | | 11,296,558(7)(9) | | | | | N/A | | | ||||||||||||
| | Total | | | | 6,858,038 | | | | | 10,849,252 | | | | | 7,835,059 | | | | | 7,835,059 | | | | | N/A | | | | Total | | | | 9,450,634 | | | | | 19,207,994 | | | | | 11,296,558 | | | | | 11,296,558 | | | | | N/A | | | ||||||||||||
Richard M. Lucas | | Cash | | | | 3,100,000(5) | | | | | 3,100,000(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Cash | | | | 3,600,409(5) | | | | | 3,600,409(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Equity Acceleration | | | | 1,449,959(7)(8) | | | | | 3,627,796(7)(8) | | | | | 4,825,720(7)(9) | | | | | 4,825,720(7)(9) | | | | | N/A | | | | Equity Acceleration | | | | 1,851,298(7)(8) | | | | | 6,948,426(7)(8) | | | | | 5,771,474(7)(9) | | | | | 5,771,474(7)(9) | | | | | N/A | | | ||||||||||||
| | Total | | | | 4,572,421 | | | | | 6,750,258 | | | | | 4,825,720 | | | | | 4,825,720 | | | | | N/A | | | | Total | | | | 5,474,168 | | | | | 10,571,297 | | | | | 5,771,474 | | | | | 5,771,474 | | | | | N/A | | | ||||||||||||
Paula A. Pryor | | Cash | | | | 2,317,543(5) | | | | | 2,317,543(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Cash | | | | 2,820,990(5) | | | | | 2,820,990(5) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | | Continued Life and Health | | | | 22,461(6) | | | | | 22,461(6) | | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||||||||
| | Equity Acceleration | | | | 707,634(7)(8) | | | | | 1,718,566(7)(8) | | | | | 2,548,346(7)(9) | | | | | 2,548,346(7)(9) | | | | | N/A | | | | Equity Acceleration | | | | 1,174,601(7)(8) | | | | | 3,833,358(7)(8) | | | | | 3,708,569(7)(9) | | | | | 3,708,569(7)(9) | | | | | N/A | | | ||||||||||||
| | Total | | | | 3,047,638 | | | | | 4,058,570 | | | | | 2,548,346 | | | | | 2,548,346 | | | | | N/A | | | | Total | | | | 4,018,052 | | | | | 6,676,809 | | | | | 3,708,569 | | | | | 3,708,569 | | | | | N/A | | |
Executive Officer | | | Benefit | | | Without Cause/For Good Reason Within 24 Months of a Change in Control ($)(1) | | |||
William M. Walker | | | Equity Acceleration | | | | | | | |
Stephen P. Theobald | | | Equity Acceleration | | | | | | | |
Howard W. Smith, III | | | Equity Acceleration | | | | | | | |
Richard M. Lucas | | | Equity Acceleration | | | | | | | |
Paula A. Pryor | | | Equity Acceleration | | | | | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | ||||||||||||||||||||||||
Alan J. Bowers | | | | 150,000(2) | | | | | 99,969 | | | | | 249,969 | | | | | | 150,000(2) | | | | | 99,924 | | | | | 249,924 | | | ||||||
Michael D. Malone | | | | 135,000 | | | | | 99,969 | | | | | 234,969 | | | | | | 135,000 | | | | | 99,924 | | | | | 234,924 | | | ||||||
John Rice | | | | 125,000 | | | | | 99,969 | | | | | 224,969 | | | | | | 125,000 | | | | | 99,924 | | | | | 224,924 | | | ||||||
Dana L. Schmaltz | | | | 115,000(2) | | | | | 99,969 | | | | | 214,969 | | | | | | 115,000(2) | | | | | 99,924 | | | | | 214,924 | | | ||||||
Michael J. Warren | | | | 110,000(2) | | | | | 99,969 | | | | | 209,969 | | | | | | 110,000(2) | | | | | 99,924 | | | | | 209,924 | | | ||||||
Ellen D. Levy | | | | 115,000 | | | | | 99,969 | | | | | 214,969 | | | | | | 115,000 | | | | | 99,924 | | | | | 214,924 | | | ||||||
Donna C. Wells | | | | 128,700 | | | | | 116,883 | | | | | 245,583(3) | | |
Plan Category | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (#)(3) | | | Weighted- Average Exercise Price of Outstanding Options, Warrants and Rights ($)(4) | | | Number of Securities Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in First Column)(#) | | |||||||||
Equity compensation plans approved by security holders(1) | | | | | 1,291,474 | | | | | | 22.51 | | | | | | 2,188,353 | | |
Equity compensation plans not approved by security holders(2) | | | | | 161,984 | | | | | | — | | | | | | 449,701 | | |
Total | | | | | 1,453,458 | | | | | | N/A | | | | | | 2,638,054 | | |
Plan Category | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (#)(3) | | | Weighted- Average Exercise Price of Outstanding Options, Warrants and Rights ($)(4) | | | Number of Securities Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in First Column)(#) | | |||||||||
Equity compensation plans approved by security holders(1) | | | | | 1,076,706 | | | | | | 22.25 | | | | | | 1,738,821 | | |
Equity compensation plans not approved by security holders(2) | | | | | 186,969 | | | | | | — | | | | | | 384,984 | | |
Total | | | | | 1,263,675 | | | | | | N/A | | | | | | 2,123,805 | | |
Beneficial Owner | | Shares of Common Stock Beneficially Owned | | % of Shares of Common Stock Beneficially Owned | | | Shares of Common Stock Beneficially Owned | | % of Shares of Common Stock Beneficially Owned | | ||||||||||||||||
5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | ||||
BlackRock, Inc.(1) | | | | 4,519,618 | | | | | 14.45% | | | | | | 4,739,407 | | | | | 14.33% | | | ||||
The Vanguard Group(2) | | | | 3,593,317 | | | | | 11.48% | | | | | | 3,676,245 | | | | | 11.11% | | | ||||
Janus Henderson Group plc(3) | | | | 1,610,598 | | | | | 5.15% | | | | | | 1,913,916 | | | | | 5.79% | | | ||||
Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | ||||
William M. Walker(4) | | | | 1,646,319 | | | | | 5.31% | | | | | | 1,555,249 | | | | | 4.70% | | | ||||
Howard W. Smith, III(5) | | | | 651,061 | | | | | 2.09% | | | | | | 666,237 | | | | | 2.00% | | | ||||
Stephen P. Theobald(6) | | | | 144,663 | | | | | * | | | | | | 152,577 | | | | | * | | | ||||
Richard M. Lucas(7) | | | | 121,779 | | | | | * | | | | | | 133,250 | | | | | * | | | ||||
Paula A. Pryor(8) | | | | 7,787 | | | | | * | | | | | | 6,789 | | | | | * | | | ||||
Dana L. Schmaltz(9) | | | | 64,403 | | | | | * | | | | | | 65,395 | | | | | * | | | ||||
Alan J. Bowers(9) | | | | 41,945 | | | | | * | | | | | | 43,011 | | | | | * | | | ||||
John Rice(10) | | | | 27,264 | | | | | * | | | | | | 26,056 | | | | | * | | | ||||
Michael D. Malone | | | | 31,519 | | | | | * | | | | | | 31,519 | | | | | * | | | ||||
Michael J. Warren | | | | 519 | | | | | * | | | | | | 528 | | | | | * | | | ||||
Ellen D. Levy | | | | — | | | | | * | | | | | | — | | | | | * | | | ||||
Donna C. Wells | | | | — | | | | | * | | | | | | — | | | | | * | | | ||||
Executive Officers and Directors as a group (12 persons) | | | | 2,737,259 | | | | | 8.75% | | | | | | 2,680,611 | | | | | 8.05% | | |